Finesse Diamonds and adding value

Alex Twersky of Finesse Diamond Company outlines the challenges and benefits of manufacturing finished stones in Namibia, where ninety percent of their globally sourced stones are cut.Regarding the beneficiation strategy he stated:

The biggest thing to be aware of is it is going to take a lot longer than you think it will, even if you have the best people working on it, to make beneficiation work. There are so many obstacles—to manage it and oversee production in a place with no history of it—it keeps the operation not as competitive globally and that takes a lot timeStill, that’s where the future is, and in some ways, it will create more balance and equity of wealth distribution in Africa, which has contributed much to our diamond industry.

More here
Photo courtesy of Fair Trade Jewelry